Shares of Softcat plc (LON:SCT - Get Free Report) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 1,534.82 ($19.03) and traded as low as GBX 1,467 ($18.19). Softcat shares last traded at GBX 1,497 ($18.56), with a volume of 311,578 shares.
Analysts Set New Price Targets
Several brokerages have issued reports on SCT. Berenberg Bank reissued a "hold" rating and issued a GBX 1,600 ($19.84) price target on shares of Softcat in a report on Monday, October 28th. Shore Capital restated a "buy" rating on shares of Softcat in a research note on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of GBX 1,457.50 ($18.07).
Check Out Our Latest Report on Softcat
Softcat Stock Performance
The company has a quick ratio of 1.38, a current ratio of 1.59 and a debt-to-equity ratio of 3.57. The stock has a market capitalization of £3.20 billion, a price-to-earnings ratio of 2,864.29, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. The stock's 50-day simple moving average is GBX 1,532.22 and its 200 day simple moving average is GBX 1,565.10.
Insider Transactions at Softcat
In other Softcat news, insider Jacqui Ferguson purchased 3,038 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The stock was acquired at an average cost of GBX 1,470 ($18.23) per share, with a total value of £44,658.60 ($55,373.34). Also, insider Graeme Watt sold 10,087 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of GBX 1,574 ($19.52), for a total transaction of £158,769.38 ($196,862.22). Insiders have sold 32,680 shares of company stock valued at $50,044,464 in the last three months. 43.60% of the stock is owned by corporate insiders.
About Softcat
(
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Softcat plc operates as a value-added IT reseller and IT infrastructure solutions provider in the United Kingdom. The company advices, procures, designs, implements, and manages technology, such as software licensing, workplace technology, networking, security, and cloud and datacenter for businesses and public sector organizations.
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